Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis
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This paper supplies an agency-cost and contestable-markets perspective on the financial policies that triggered the Asian financial crisis. The agency-cost analysis hypothesizes that individual-country regulators knew that politically directed loans had made their banks insolvent, but purposefully
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美国国家经济研究局创建时间：
2000-01-01
